MTC Industry Assistance Programme


Our Objectives

The Financial Incentive for Purchase of Machinery (FIPM) is an MTC financial incentive programme for the purchase of machinery to encourage SMEs of the timber industry in Peninsular Malaysia to adopt the latest technology in mechanisation/automation in achieving the following:

  1. Sawmilling and manufacturing of value added wood-based products of consistent quality;
  2. Improving productivity; and/or 
  3. Reducing labour dependency.